Zvilo, a working capital lender committed to bridging the global trade finance gap, has today announced the expansion of its debt facility with long-standing capital partner Fasanara Capital – a London-based, owner-managed investment management company. The facility has been increased to up to €75 million, building on an initial commitment from Fasanara in October 2022. This new […]
Abu Dhabi, UAE – Ovasave, a Hub71 FemTech startup focused on fertility and hormonal health, has successfully completed its pre-seed round, raising $1.2 million from a mix of regional and international investors. The round was led by PlusVC, Annex Investments, and New York-based 25 Madison, with additional backing from UAE and Saudi-based strategic angel investors and […]
Moroccan superapp ORA Technologies has closed its Series A round at $7.5 million, led by Azur Innovation Fund and joined by three strategic local investors. This brings ORA’s total local fundraising since January 2023 to a record $11.9 million. Founded in 2023 by Omar Alami, ORA app offers multiple features, including P2P transactions, an e-commerce platform, […]
With support from Plus VC and global angel investors, Egypt’s first incentivized, goal-based saving platform leverages behavioral tech and embedded finance to help users turn life goals into financial outcomes Cairo/MENA: July 15, 2025: PALM, Egypt’s first fintech startup offering incentivized goal-based saving, has announced today that the company has successfully closed its pre-seed funding […]
Fremont, CA/Abu Dhabi, United Arab Emirates: Water Harvesting Inc. (WaHa) announced the close of an $8 million Series A-1 financing and corporate reorganization. The round was led by Chairman Mike Phillips and Board member Christian Thirion, with participation from WaHa’s largest noteholders and investors including Berkeley Catalyst Fund, Anthropocene Institute, Vestafund, and Mitsui Mining & Smelting […]
UAE-based icogz, a business intelligence platform, has raised $1.4 million in pre-seed funding from angel investors in the UAE and India. Founded in 2018 by Amit Tripathi and Vrutika Dawda, icogz is a business intelligence platform that mines intelligence from a brand’s data and delivers insights using algorithms and technology. Funds will support product development, expand the Aryabot AI […]
Egypt-based property technology (PropTech) platform Nawy has acquired a majority stake in SmartCrowd, a Dubai-based fractional property investment platform, marking its entry into the UAE market and broader GCC expansion. Acquisition details However, the company did not disclose other details, including the cost of acquisition. Backed by e&, Nawy’s latest move follows its $52 million Series A fundraising […]
The pioneering deep tech company behind the world’s first smart contact lenses raises $250 million at a $1.35 billion valuation to fast-track the launch of a multifunctional, AI-powered XR lens that will replace all personal devices and end the era of screens. Dubai, UAE — XPANCEO, a leading deep tech company developing the next generation of computing […]
Dubai, UAE – ASB Capital, a purpose-driven asset and wealth management firm with AUM of USD 5.2 billion, today announced the launch of the ASB MENA Equity Fund in partnership with Amwal Capital Partners Limited. The Fund is designed to deliver long-term capital growth through a high-conviction portfolio of publicly listed equities across the MENA […]
The funding round, which valued the company at $120 million, was oversubscribed, highlighting investors’ confidence in BlueFive Capital’s ambitions. 25 founding shareholders include prominent regional institutions, royal groups, and family offices Management will retain a controlling stake in the company Abu Dhabi, United Arab Emirates: BlueFive Capital, an investment platform originating from the GCC with a […]